Dear Readers, Unfortunately and in line with the last years, the taxes in the Valencian Community, that means the provinces of Alicante, Valencia and Castellon, have been raised again. Thus, from this 6th August 6, 2013 came into force the Decree Law 4/2013, of the 2nd of August, which has modified several taxes transferred to […]
Inheritance and Gift Tax Planning. Death Duties-Taxes. IHT/I.H.T.
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SPANISH INHERITANCE TAX LAW. INHERITANCE AND SUCCESSION IN SPAIN: THE HABITUAL OR MAIN RESIDENCE REDUCTION.
Consultation: Dear Sir, My mother, who lived in Javea (Alicante) passed away recently, and my sister and I, will inherit her Spanish house. The value of the property is high and as we are Non Tax Residents in Spain (we live in England), we have been informed that we will need to pay a huge […]
Do step children have any bonus or reductions for the purposes of Inheritance Tax ?. Or, Are they considered as non relatives or third party?
CONSULTATION:Dear Sirs, My husband has three children from a previous marriage, who are like my own children although they are in fact step children, as I have no children of my own. I was told that since they are not my descendants, if my stepchildren inherit from me, they will pay a huge Inheritance Tax […]